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Families that work together in a family business have the potential
for experiencing even higher amounts of conflict than the "typical"
family, whose members go off to different jobs every day. There
are a number of factors that influence the level of conflict in
family businesses, some of which include; parent/child family issues
that even adult children carry with them, as they work with or for
a parent in "the business." The effect of these relationships
on the functioning of the business can, and often does, result in
poor decision making, higher than "normal" levels of stress
on all involved, and basically, a less than ideal level of functioning
of the organization.
Family relationships can also be strained by work related issues
causing higher levels of conflict, both in the workplace and home.
A sad fact is that numerous extended familiy relationships have
been damanged to the point that they never speak to one another
again for years, if ever. Often, these are families that originally
chose to work together because they had good relationships and enjoyed
being together.
It can be very tough to overcome the obstacles that face families
working together and come out successfully. But the rewards can
be outstanding, and are likely worth the challenge if the business
and family issues are anticipated and planned for intelligently.
In the future, we will be bringing you a number of articles about
working families. Please watch this page for new articles. We will
also be adding a newsletter that you can subscribe to in the near
future.
Thank You,
Michael Newcomb
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